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PPP Forgiveness ‘More Time-Consuming Than Application’: GAO

PPP Forgiveness ‘More Time-Consuming Than Application’: GAO

Government Accountability Office evidence supports calls for streamlined forgiveness process – but time is running out for politicians to act
Banking Giants Prepared for Pandemic Fallout as More Stress Tests Loom

Banking Giants Prepared for Pandemic Fallout as More Stress Tests Loom

Moody’s declares global systemically important banks to be better prepared than rivals for an uncertain future
Byline Bank to Shut 20% of Branch Network

Byline Bank to Shut 20% of Branch Network

Annual savings of $4.3 million will be reinvested in digital offerings, the Chicago-based bank said
Sterling Faces Nasdaq Delisting Amid Loan Program Fallout

Sterling Faces Nasdaq Delisting Amid Loan Program Fallout

An ongoing review into past misconduct has delayed regulatory filings, threatening the bank’s status as a listed company
Appointments Latest: Synovus, United Look Outside Banking for New Directors

Appointments Latest: Synovus, United Look Outside Banking for New Directors

Plus: New lead director at JPMorgan Chase, and First Port City Bank promotes CFO to risk leadership role
US Banks Punished by Investors During Pandemic

US Banks Punished by Investors During Pandemic

The biggest three banks in the US also recorded the biggest drops in market capitalization in the year to August
Best Practices for Regulation Best Interest

Best Practices for Regulation Best Interest

Despite the Covid-19 pandemic, firms are still required to comply with Regulation Best Interest
September Appointments: Citi Names First Female CEO

September Appointments: Citi Names First Female CEO

Plus: HSBC USA appoints a new head of wealth, and Bank 34 co-CEO Jill Gutierrez retires
Branch Business: The Banks Opening New Locations Across the US

Branch Business: The Banks Opening New Locations Across the US

Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina
Blockchain in Mortgages – Adopting the New Kid on the Block

Blockchain in Mortgages – Adopting the New Kid on the Block

The world is fast progressing within the technology domain and digital services have penetrated to the unexplored corners of life
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